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Willis Towers Watson

Willis Towers Watson

Actuarial Manager, Life Insurance Consulting

Actuarial Manager, Life Insurance Consulting

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Job Details
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Uploaded On
December 29, 2023
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Location
Irvine, United States
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Remote?
No
Salary
$
120
k-$
190
k
Glassdoor Ratings
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Recommend to a Friend
77%
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Overall Score
3.9 / 5
Job Description

Mangers in this role will work as a leader or more senior member of several project teams supporting clients on a wide variety of engagements covering topics such as financial modeling, financial reporting, mergers and acquisitions, regulatory issues, litigation, pricing, and product development. Our clients demand leading edge products and expertise, and as a manager with our firm, you can expect to gain tremendous exposure to all facets of life insurance operations. This position comes with significant upwards potential for a successful and motivated candidate.

The Role
  • Lead small projects and play a senior role in larger projects to meet client engagement objectives
  • Manage and direct more junior colleagues that perform analysis and develop tools, ensuring a high quality work product has been prepared and will be delivered to the project manager or client
  • Share knowledge and experience with other colleagues
  • Mentor junior colleagues
  • Work collaboratively with others on a project team
  • Review peer work product as a quality control measure
  • Play a key role in client correspondence in both written and verbal format
  • Play a lead role in preparing for meetings and interactions with clients, manage expections of the project manager and raise appropriate issues to Client Relationship Managers
  • Contribute to development of intellectual capital that leads to our service offerings such as Predictive Analytics, Financial Modeling, Experience Analysis, Regulation Changes among others
  • Support revenue generation for the firm by meeting billable hour expectations and assisting in the sales process
  • Make continuous progress on the SOA exam curriculum toward an FSA designation, utilizing a competitive student program or complete CE requirements to maintain SOA credentials depending on exam status


Qualifications

The Requirements
  • At least 5 years of experience in an actuarial role at a life insurance company, consulting firm, or financial services organization
  • Strong technical skills, preferably in at least one of: Microsoft Excel with VBA, SQL, or R
  • Expertise to actuarial software (GGY AXIS, Risk Agility, MG-ALFA, Moses, Prophet, and/or Polysystems) is a plus
  • Expertise in at least one specific life insurance and/or annuity product line
  • Expertise in at least one of the following functional areas as applied to the life insurance industry: predictive analytics / data science, experience studies, financial reporting, financial modeling, mergers & acquisitions, and product development / pricing.
  • Motivated, independent learner willing to share their knowledge with others
  • Ability to work collaboratively as part of a local team and within teams across multiple offices
  • Ability to direct work involving technical issues and requiring problem solving skills
  • Ability to effectively assist junior colleagues
  • Ability to explain the big picture as to why an assignment needs to be performed, how it fits in to the final objective and ensure that tasks performed are directly linked to client objectives
  • Ability to balance supporting and leading multiple projects with multiple clients, including timely communication of project and deliverable status
  • Flexibility to put in extra effort to meet client deadlines when necessary
  • Strong oral and written communication skills to explain work product, findings, and recommendations to junior colleagues, peers, and clients
  • FSA preferred

Compensation and Benefits
Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).
Compensation
The base salary compensation range being offered for this role is $120,000-$190,000 USD.
This role is also eligible for an annual short-term incentive bonus.
Company Benefits
WTW provides a competitive benefit package which includes the following (eligibility requirements apply):
Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
Leave Benefits: Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave) Paid Time Off (Washington State only)
Retirement Benefits: Contributory Pension Plan and Savings Plan (401k). Certain senior level roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.

EOE, including disability/vets
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Working at 

Willis Towers Watson

Willis Towers Watson is a global professional services company that specializes in risk management and insurance. The company was formed in 2016 through the merger of Willis Group and Towers Watson, two well-known and respected firms in the industry. Willis Towers Watson offers a range of insurance products and risk management services to help businesses and organizations identify and mitigate potential risks. The company has a strong reputation for customer service and is known for its expertise in serving the diverse needs of its clients. In addition to traditional insurance products, Willis Towers Watson also offers innovative risk management solutions and consulting services to help clients navigate the complex and rapidly-changing world of risk. The company has a global presence, with operations in numerous countries around the world.